KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.30.

Several research analysts have recently weighed in on the company. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd.

Hedge Funds Weigh In On KE

A number of institutional investors have recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec acquired a new position in KE in the 1st quarter valued at about $1,565,000. Siren L.L.C. raised its position in shares of KE by 75.0% during the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock valued at $2,109,000 after buying an additional 45,000 shares during the period. OLD Mission Capital LLC acquired a new position in KE in the first quarter valued at approximately $4,408,000. Panagora Asset Management Inc. lifted its holdings in KE by 1,494.3% in the first quarter. Panagora Asset Management Inc. now owns 644,325 shares of the company’s stock valued at $12,944,000 after acquiring an additional 603,910 shares during the last quarter. Finally, Ardmore Road Asset Management LP purchased a new position in KE in the first quarter worth approximately $10,547,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Down 0.5%

BEKE opened at $15.76 on Friday. KE has a twelve month low of $15.39 and a twelve month high of $25.17. The firm has a market capitalization of $17.93 billion, a PE ratio of 37.52, a PEG ratio of 3.00 and a beta of -0.63. The firm’s 50-day moving average price is $16.69 and its 200 day moving average price is $17.96.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.